BANK TREASURERS HEAR AMERICA SINGING
The economy is firing on all cylinders, possibly in the early stages of an economic supercycle. Walt Whitman wrote “I Hear America Singing” in 1860, a difficult time before the Civil War, when it must have been hard to hear anything over the beating drums. But today, bank treasurers have no trouble hearing America sing about AI, data centers, and a resilient economy. Bank treasurers have much to sing about, too, including strong earnings, optimistic prospects, regulators easing their jobs, and FASB standards aligning better with hedging, mergers, and acquisitions. Happy Birthday, America!
Dear Bank Treasury Podcast Subscribers,
One of the chief executives speaking on their bank’s earnings call this month described conditions as being as good as they get, and that seems to be the consensus. Not only is the economy firing on all cylinders, but we may be in the early innings of an economic supercycle. Walt Whitman wrote the poem “I Hear America Singing” in 1860, a time when it must have been hard to hear anything over the beating drums just ahead of the Civil War. But today, bank treasurers not only hear America singing loud and clear, with songs of AI, data centers, and a resilient economy. They are singing, too, songs about their strong earnings and prospects for the good times to continue. And they are singing about regulators who are now trying to make their jobs easier, and about FASB writing standards that better align with the economics of hedging and mergers and acquisitions. Happy Birthday, America!
Listen to this episode on Apple Podcasts, Spotify, Audible, and Amazon Music.
The Bank Treasury Newsletter is an independent, free publication made possible by the generosity of our sponsors. Interested in becoming a sponsor? Let’s talk.